Patria Private Equity Trust (LSE: PPET)

Last close As at 12/07/2024

GBP5.50

0.00 (0.00%)

Market capitalisation

GBP825m

Patria Private Equity Trust (formerly abrdn Private Equity Opportunities Trust) aims to achieve long-term total returns through holding a diversified portfolio of private equity funds and direct investments into private companies alongside private equity managers (co-investments), a majority of which will have a European focus.

Latest Insights

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Investment Companies | Flash note

Patria Private Equity Trust — H124 NAV TR of 2% amid still muted markets

Investment Companies | edison tv

ShareSoc webinar with abrdn Private Equity Opportunities Trust – 13 March 2024

Investment Companies | audiovisual

abrdn Private Equity Opportunities Trust in 60 seconds

Equity Analyst

Milosz Papst

Milosz Papst

Director, Financials

Key Management

  • Alan Gauld

    Fund manager

Share Price Performance

Price Performance
% 1M 3M 12M
Actual 0.7 1.9 25.3
Relative 0.8 (1.5) 10.8
52 week high/low 580.0p/418.0p

Overview

Patria Private Equity Trust (PPET) reported a modest 2.0% NAV per share total return in H124 (ending March 2024) as exit activity in private equity markets remained subdued, suggesting continued buyer cautiousness. Meanwhile, PPET’s share price total return was a strong 22.9% in H124, with the narrowing discount to NAV assisted by, among other things, PPET’s buyback programme (see our March 2024 note for details). Given the trust’s current balance sheet headroom, the board targets an annual dividend of 16.8p for FY24, up 5% versus FY23.

Research

Review

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Standard Life Private Equity Trust — Increasing its investment level

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Standard Life Private Equity Trust — Maintaining its track record

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Standard Life European Private Equity — Update 7 November 2016

Initiation

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Standard Life Euro. Pvt. Equity Trust — Update 23 February 2016

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